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Side-by-side financial comparison of Atour Lifestyle Holdings Ltd (ATAT) and ESAB Corp (ESAB). Click either name above to swap in a different company.

Atour Lifestyle Holdings Ltd is the larger business by last-quarter revenue ($789.6M vs $727.8M, roughly 1.1× ESAB Corp). Atour Lifestyle Holdings Ltd runs the higher net margin — 17.6% vs 7.5%, a 10.1% gap on every dollar of revenue. On growth, Atour Lifestyle Holdings Ltd posted the faster year-over-year revenue change (252.5% vs 8.5%). Atour Lifestyle Holdings Ltd produced more free cash flow last quarter ($210.7M vs $70.3M).

Atour Lifestyle Holdings Ltd is a leading China-based hospitality and lifestyle enterprise. It operates a wide portfolio of mid-to-premium hotel brands for business and leisure travelers, and offers complementary lifestyle retail products and experience services, catering primarily to middle-class consumers across domestic and selected overseas markets.

ESAB, Elektriska Svetsnings-Aktiebolaget, is an American-Swedish industrial company.

ATAT vs ESAB — Head-to-Head

Bigger by revenue
ATAT
ATAT
1.1× larger
ATAT
$789.6M
$727.8M
ESAB
Growing faster (revenue YoY)
ATAT
ATAT
+244.0% gap
ATAT
252.5%
8.5%
ESAB
Higher net margin
ATAT
ATAT
10.1% more per $
ATAT
17.6%
7.5%
ESAB
More free cash flow
ATAT
ATAT
$140.4M more FCF
ATAT
$210.7M
$70.3M
ESAB

Income Statement — Q3 FY2025 vs Q3 FY2025

Metric
ATAT
ATAT
ESAB
ESAB
Revenue
$789.6M
$727.8M
Net Profit
$139.1M
$54.8M
Gross Margin
37.0%
Operating Margin
22.5%
14.6%
Net Margin
17.6%
7.5%
Revenue YoY
252.5%
8.5%
Net Profit YoY
322.2%
2.1%
EPS (diluted)
$0.33
$0.90

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ATAT
ATAT
ESAB
ESAB
Q4 25
$727.8M
Q3 25
$789.6M
$715.6M
Q2 25
$678.1M
Q4 24
$670.8M
Q3 24
$224.0M
$673.3M
Q2 24
$707.1M
Q1 24
$203.4M
$689.7M
Q4 23
$689.3M
Net Profit
ATAT
ATAT
ESAB
ESAB
Q4 25
$54.8M
Q3 25
$139.1M
$66.9M
Q2 25
$67.4M
Q4 24
$53.7M
Q3 24
$33.0M
$68.2M
Q2 24
$82.9M
Q1 24
$35.6M
$60.0M
Q4 23
$50.2M
Gross Margin
ATAT
ATAT
ESAB
ESAB
Q4 25
37.0%
Q3 25
37.2%
Q2 25
37.6%
Q4 24
38.5%
Q3 24
37.7%
Q2 24
38.2%
Q1 24
37.0%
Q4 23
37.0%
Operating Margin
ATAT
ATAT
ESAB
ESAB
Q4 25
14.6%
Q3 25
22.5%
15.2%
Q2 25
16.2%
Q4 24
16.6%
Q3 24
14.7%
15.7%
Q2 24
16.9%
Q1 24
22.1%
16.0%
Q4 23
15.0%
Net Margin
ATAT
ATAT
ESAB
ESAB
Q4 25
7.5%
Q3 25
17.6%
9.3%
Q2 25
9.9%
Q4 24
8.0%
Q3 24
14.7%
10.1%
Q2 24
11.7%
Q1 24
17.5%
8.7%
Q4 23
7.3%
EPS (diluted)
ATAT
ATAT
ESAB
ESAB
Q4 25
$0.90
Q3 25
$0.33
$1.09
Q2 25
$1.10
Q4 24
$0.87
Q3 24
$0.08
$1.11
Q2 24
$1.35
Q1 24
$0.09
$0.98
Q4 23
$0.83

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ATAT
ATAT
ESAB
ESAB
Cash + ST InvestmentsLiquidity on hand
$669.2M
$218.2M
Total DebtLower is stronger
$1.3B
Stockholders' EquityBook value
$405.0M
$2.1B
Total Assets
$1.1B
$4.9B
Debt / EquityLower = less leverage
0.63×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ATAT
ATAT
ESAB
ESAB
Q4 25
$218.2M
Q3 25
$669.2M
$258.2M
Q2 25
$291.3M
Q4 24
$249.4M
Q3 24
$506.0M
$253.7M
Q2 24
$228.5M
Q1 24
$520.7M
$76.5M
Q4 23
$102.0M
Total Debt
ATAT
ATAT
ESAB
ESAB
Q4 25
$1.3B
Q3 25
$1.1B
Q2 25
$1.1B
Q4 24
$1.1B
Q3 24
$1.1B
Q2 24
$1.1B
Q1 24
$277.0K
$992.8M
Q4 23
$1.0B
Stockholders' Equity
ATAT
ATAT
ESAB
ESAB
Q4 25
$2.1B
Q3 25
$405.0M
$2.1B
Q2 25
$1.9B
Q4 24
$1.8B
Q3 24
$291.3M
$1.8B
Q2 24
$1.7B
Q1 24
$323.5M
$1.6B
Q4 23
$1.6B
Total Assets
ATAT
ATAT
ESAB
ESAB
Q4 25
$4.9B
Q3 25
$1.1B
$4.4B
Q2 25
$4.2B
Q4 24
$4.0B
Q3 24
$927.8M
$4.1B
Q2 24
$4.0B
Q1 24
$936.3M
$3.8B
Q4 23
$3.8B
Debt / Equity
ATAT
ATAT
ESAB
ESAB
Q4 25
0.63×
Q3 25
0.51×
Q2 25
0.55×
Q4 24
0.60×
Q3 24
0.59×
Q2 24
0.63×
Q1 24
0.00×
0.61×
Q4 23
0.63×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ATAT
ATAT
ESAB
ESAB
Operating Cash FlowLast quarter
$216.6M
$81.5M
Free Cash FlowOCF − Capex
$210.7M
$70.3M
FCF MarginFCF / Revenue
26.7%
9.7%
Capex IntensityCapex / Revenue
0.8%
1.5%
Cash ConversionOCF / Net Profit
1.56×
1.49×
TTM Free Cash FlowTrailing 4 quarters
$359.6M
$238.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ATAT
ATAT
ESAB
ESAB
Q4 25
$81.5M
Q3 25
$216.6M
$46.6M
Q2 25
$35.4M
Q4 24
$126.9M
Q3 24
$84.8M
$101.0M
Q2 24
$83.0M
Q1 24
$19.8M
$44.5M
Q4 23
$122.4M
Free Cash Flow
ATAT
ATAT
ESAB
ESAB
Q4 25
$70.3M
Q3 25
$210.7M
$37.4M
Q2 25
$28.1M
Q4 24
$102.2M
Q3 24
$83.3M
$90.4M
Q2 24
$74.0M
Q1 24
$18.1M
$37.1M
Q4 23
$103.1M
FCF Margin
ATAT
ATAT
ESAB
ESAB
Q4 25
9.7%
Q3 25
26.7%
5.2%
Q2 25
4.1%
Q4 24
15.2%
Q3 24
37.2%
13.4%
Q2 24
10.5%
Q1 24
8.9%
5.4%
Q4 23
15.0%
Capex Intensity
ATAT
ATAT
ESAB
ESAB
Q4 25
1.5%
Q3 25
0.8%
1.3%
Q2 25
1.1%
Q4 24
3.7%
Q3 24
0.7%
1.6%
Q2 24
1.3%
Q1 24
0.9%
1.1%
Q4 23
2.8%
Cash Conversion
ATAT
ATAT
ESAB
ESAB
Q4 25
1.49×
Q3 25
1.56×
0.70×
Q2 25
0.53×
Q4 24
2.36×
Q3 24
2.57×
1.48×
Q2 24
1.00×
Q1 24
0.56×
0.74×
Q4 23
2.44×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ATAT
ATAT

Segment breakdown not available.

ESAB
ESAB

Consumable Products$477.9M66%
Equipment Products$249.9M34%

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